Tech Talk for Wednesday June 13th 2018

U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.

Index futures were virtually unchanged following release of the May Producer Price Index at 8:30 AM EDT. Consensus was an increase of 0.3% versus a gain of 0.1% in April. Actual was an increase of 0.5%. Excluding food and energy, consensus was an increase of 0.2% versus a gain of 0.2% in April. Actual was an increase of 0.3%.

Time Warner gained $3.78 to $100.00 after a Federal judge approved its takeover by AT&T in a deal valued at $85 billion.

H&R Block dropped $5.65 to $23.95 after lowering its guidance. BMO Capital lowered its target price to $25 from $29.

Weight Watchers gained $0.76 to $92.50 after JP Morgan upgraded the stock to Overweight.

EquityClock's Daily Market Comment

http://www.equityclock.com/2018/06/12/stock-market-outlook-for-june-13-2018/

Note seasonality charts on U.S. Consumer Prices and the Biotech industry.

Observation

After a long uptrend, lumber prices have rolled over, broken support at $579.00 and completed a double top pattern.

StockTwits Released Yesterday @EquityClock

Technical action by S&P 500 stocks to 10:15: Quiet. Intermediate breakouts: $EQT $GWW. No breakdowns.

Editor's Note: After 10:15 AM EDT, breakouts included RSG, CHRW, AMT, HBI and GPN. Breakdown: SYK

US #CPI ex Food and Energy up 0.2% in May, double the average increase for the month of 0.1%. #Economy #Inflation $MACRO

Trader's Corner

Daily Seasonal/Technical Equity Trends for June 12th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for June 12th 2018

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for June 12th 2018

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer slipped 0.20 to 74.60 yesterday. It remains intermediate overbought.

TSX Momentum Barometer

The Barometer was unchanged yesterday at 69.58. It remains intermediate overbought and showing signs of rolling over.

Disclaimer: Seasonality and technical ratings offered in this report and at

www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed

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